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Third Party Risk Manager Jobs in Baltimore, MD (NOW HIRING)

T Rowe Price

Senior Analyst, Middle Office

Baltimore, MD · On-site

$85K - $105K/yr

Risk and Controls - Provide oversight support for Investment Book of Record (IBOR) accuracy and ... Manages relationships with third-party vendors. Works with the team in developing operational goals ...

T Rowe Price

Sr Analyst, Middle Office

Baltimore, MD · On-site

$85K - $105K/yr

Risk and Controls - Provide oversight support for Investment Book of Record (IBOR) accuracy and ... Manages relationships with third-party vendors. Works with the team in developing operational goals ...

Innosoft Corporation

WQC DevOps Manager

Baltimore, MD · On-site

  • Medical

  • Life

  • Retirement

  • PTO

Coordinate with third-party vendors to align deliverables, SLAs, and technical requirements, acting ... Strong strategic thinking, risk management, and problem-solving capabilities. Preferred ...

T Rowe Price

Technology Audit Associate

Owings Mills, MD · On-site

$77K - $94K/yr

  • Medical

  • Life

  • Retirement

  • PTO

... third party risk management.AA Support Technology Audit Senior Manager and Technology Audit Team with the following:A A Process Documentation and Key Controls:A A * Document current processes ...

Sheppard Pratt

Director of Insurance

Towson, MD · On-site

$106K - $175K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

... and other third-party administrators. * Manages post-bind deliverables, policy issuance, and ... Risk Management Program: * Responsible for identifying, managing, evaluating, and tracking risk ...

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Showing results 41-60

All JobsThird Party Risk JobsThird Party Risk Manager JobsThird Party Risk Manager Jobs in Baltimore, MD

Third Party Risk Manager information

See Baltimore, MD salary details

$51.2K

$110.8K

$168.9K

How much do third party risk manager jobs pay per year?

As of Aug 12, 2026, the average yearly pay for third party risk manager in Baltimore, MD is $110,846.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,400.00 and $128,200.00 per year, depending on experience, location, and employer.

What is the difference between Third Party Risk Manager vs Vendor Risk Analyst?

AspectThird Party Risk ManagerVendor Risk Analyst
CredentialsCertifications like CRISC, CTPRP often preferredCertifications such as CRISC, CTPRP common
Work EnvironmentOversees multiple vendors and third-party relationships at strategic levelFocuses on assessing specific vendor risks and compliance
Employer & Industry UsageUsed in finance, healthcare, and large corporations managing third-party risksCommon in IT, finance, and procurement departments
Search & Comparison IntentOften compared for broader risk management rolesCompared for detailed vendor risk assessments

The Third Party Risk Manager oversees the overall risk associated with third-party vendors, focusing on strategic risk mitigation. The Vendor Risk Analyst concentrates on evaluating individual vendors' risks and compliance. While both roles require similar certifications and work in related environments, the Risk Manager has a broader scope, whereas the Analyst specializes in detailed assessments.

What are the key skills and qualifications needed to thrive as a third party risk manager?

To thrive as a Third Party Risk Manager, you need a strong background in risk assessment, vendor management, and regulatory compliance, often supported by a degree in business, finance, or a related field. Familiarity with risk management frameworks, tools like GRC (Governance, Risk, and Compliance) platforms, and relevant certifications such as CTPRP (Certified Third Party Risk Professional) are highly beneficial. Excellent communication, analytical thinking, and stakeholder management skills set top performers apart in this role. These competencies are crucial for effectively identifying, mitigating, and communicating third-party risks to protect organizational assets and ensure regulatory compliance.

What is a third party risk manager?

A Third Party Risk Manager is a professional responsible for identifying, assessing, and mitigating risks associated with an organization's external vendors, suppliers, or partners. Their main job is to ensure that third-party relationships do not expose the company to undue financial, operational, regulatory, or reputational risk. This includes evaluating vendor security practices, monitoring compliance with contracts and regulations, and developing risk management policies. Third Party Risk Managers often collaborate with legal, procurement, and IT teams to safeguard the organization's interests. Their work is crucial in today's interconnected business environment, where companies increasingly rely on third-party services and products.

How does a third party risk manager typically collaborate with other departments to manage vendor risks?

A Third Party Risk Manager works closely with teams such as procurement, legal, IT security, and compliance to assess and monitor the risks associated with external vendors. They coordinate with these departments to perform due diligence, review contracts, and establish ongoing monitoring processes. Regular cross-functional meetings and clear communication channels are essential, as the role often requires aligning risk management strategies with organizational objectives and ensuring that vendor-related risks are identified and mitigated promptly.
What cities near Baltimore, MD are hiring for Third Party Risk Manager jobs? Cities near Baltimore, MD with the most Third Party Risk Manager job openings:
Third Party Risk Manager jobs near you
Infographic showing various Third Party Risk Manager job openings in Baltimore, MD as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 11% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $110,846 per year, or $53.3 per hour.

Financial Coordinator Risk Management

MedStar Health

Columbia, MD • On-site

Full-time

Re-posted 25 days ago

Medstar Health rating

7.8

Company rating: 7.8 out of 10

Based on 239 frontline employees who took The Breakroom Quiz

130th of 887 rated healthcare providers

Job description

About the Job
General Summary of Position
Financial coordinator between MedStar's self-insured claims management program and MedStar's captive insurance company and in that role provides to MedStar's Finance Department detailed financial information regarding expenses associated with the claims management program. Collects from outside defense counsel financial information regarding claims indemnity and expense payments and processes these to reimburse defense counsel for expenses incurred. Provides financial coordination for other insurance programs managed within the Risk Management Department including Workers Compensation. Responsible for managing the financial interface between outside defense counsel Medstar and the Harvard Risk Management claims database to ensure that all expenses and indemnity payments are recorded to the correct claim. Provides administrative support to six professionals within the Corporate Risk Management team. Works under the direction of the Administrative Director Risk Management Services.
Primary Duties and Responsibilities
  • Contributes to the achievement of established department goals and objectives and adheres to department policies procedures quality standards and safety standards. Complies with governmental and accreditation regulations.
  • Manages reconciles and customizes the payment interface process for MedStar's professional medical liability program liaising with Harvard RMF Donegal and MedStar Accounts Payable to ensure a smooth process. MedStar's professional medical liability program includes more than $60 million in expenses and indemnity payments with over 200 claims annually.
  • Tracks processes and follows up on defense counsel invoices both internally and externally.
  • Maintains accurate information regarding all vendors timekeepers and billing rates. Collects W9 forms and prepares invoices for review and approval.
  • Works directly with Finance department to ensure compliance with all Finance Department requirements regarding proper accounting for captive insurance company financial transactions.
  • MedStar maintains a self-insured retention program for workers' compensation with over $1 million in transactions per month. Works with MedStar's outside third-party administrator (Gallagher Bassett) and MedStar's Finance and Accounting departments to ensure accurate processing of all financial transactions for this program. These transactions include maintaining adequate financial resources to enable the TPA to pay expenses and make timely payments to MedStar associates for workers' compensation indemnity payments.
  • Reconciles accounts by identifying errors in posting or omissions.
  • Prepares documentation for wire transfers and ACH transactions and processes wire transfers.
  • Responsible for maintaining with CMS accurate monthly and quarterly Medicare beneficiary information for all professional liability claimants managed through MedStar's captive insurance company claims management program.
  • Responsibility for coordinating and processing all operating expenditures related to the Corporate Risk Management department including office supplies purchased professional services courier services catering expenses travel and education dues and subscriptions licenses mileage reimbursement etc. Works directly with Accounts Payable to ensure accuracy of all such accounts.
  • Supports the claims managers to ensure compliance with the Claims Management Program Billing and Defense Counsel Guidelines; establishes and maintains a working relationship with the billing departments of the multiple law firms retained by MedStar in connection with its professional liability claims management program.
  • Responsible for managing the electronic claims management notification system operated by CT Corp.
  • Provides administrative support to claims managers and risk management team members; coordinates web-based electronic meeting agendas/reports loss prevention tracking and early intervention payments and tracking.
  • Manages trial and mediation calendars provides administrative support including meeting material preparation for key claim management functions including MedStar Professional Liability Claims and Loss Prevention Committee; weekly reserve meetings; quarterly and semi-annual claims review meetings; and pretrial meetings with key stakeholders and defense counsel.
  • Serves as timekeeper for the Corporate Risk Management department.
  • Schedules and provides documentation and support for several monthly and quarterly meetings with corporate and hospital leadership.
  • Coordinates meetings including organizing room reservations catering equipment invitations etc.
  • Schedules conference calls meetings and training/educational sessions.
  • Works directly with the Administrative Director Director of Insurance and Director Claims Operations on various departmental projects.
    • Minimal Qualifications
    Education
    • Associate's degree in accounting or business administration or related field required or
    • Equivalent combination of education/training and experience will be considered required
    Experience
    • Administrative management experience required
    Licenses and Certifications
    • No special certification registration or licensure required
    Knowledge Skills and Abilities
    • Excellent written and verbal skills sound judgment and budgeting and accounting skills with the ability to effectively prioritize and multi-task in a fast-paced work environment.
    • Extremely honest and trustworthy individual of high moral character.
    • Significant aptitude in independent and proactive problem-solving and effective and efficient utilization of resources.
    • Service-oriented approach.
    • Proficient in Microsoft Excel Powerpoint Word Outlook and claims management program billing applications (Donegal and Harvard RMF CMAPS programs).

    This position has a hiring range of
    USD $65,062.00 - USD $117,291.00 /Yr.

    What Medstar Health employees say

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    Benefits

    Hours and flexibility

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    Get the full story on Breakroom

    Medstar Health logo

    About Medstar Health

    Sourced by ZipRecruiter

    MedStar Health is dedicated to providing the highest quality care for people in Maryland and the Washington, D.C., region, while advancing the practice of medicine through education, innovation, and research. Our team of 32,000 includes physicians, nurses, residents, fellows, and many other clinical and non-clinical associates working in a variety of settings across our health system, including 10 hospitals and more than 300 community-based locations, the largest home health provider in the region, and highly respected institutes dedicated to research and innovation. As the medical education and clinical partner of Georgetown University for more than 20 years, MedStar Health is dedicated not only to teaching the next generation of doctors, but also to the continuing education, professional development, and personal fulfillment of our whole team. Together, we use the best of our minds and the best of our hearts to serve our patients, those who care for them, and our communities. It's how we treat people.

    Industry

    Health care and social assistance

    Company size

    10,000+ Employees

    Headquarters location

    Columbia, MD, US

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